Wait for a buy | 02 April 2018
02 April 2018, EUR/USD
Wave Analysis:
Euro is still conslidating above the key support zone 1.2149 but is not showing any signs of breaking below it. As long as the price remains above 1.2149, we expect a possible momentum to the upperside. On the daily chart above, we're waiting for a decline towards 1.2149 to buy the next impulsive wave (5) towards 1.2925. This vie wcan only be invalidated in case the corrective wave (4) goes below 1.2149, if this being the case, then we expect a possible bearish rally towards 1.1587, and may break lower.
Trade Recommendatiion
Buy the impulsive wave (5) at 1.2149 towards 1.2925
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
